Travis Terrace Office Building in Marshall, TX

Office for Sale
Catylist Listing ID: 28668313
Property Subtypes: Office Building
Building Size (RSF): 18,000 SF
Gross Building Area: See Agent
Gross Land Area: 161,317 SF
Sale Price: $600,000
Unit Price: $33.33 PSF
Property Use Type: Investment, Business
Building Name: Travis Terrace Office Building
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 7.0%
Last Updated: 12/14/2018

Overview / Comments

CAP Rate based on 2017 actual income and expenses.
Well maintained property near downtown and courthouses.
Across the street from city hall. Seven street level covered parking places.
Elevator is in great shape, serviced regularly.

Additional Details

Nearest MSA: Marshall
County: Harrison
Property Visibility: Excellent
Site Description: Across the street from City Hall.
Area Description: Near town square and Federal Courthouse.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 9,000 SF
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Some unassigned covered parking
Passenger Elevators: 1
Sprinklers: None
Interior Description: Interior hallway on each floor
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,090 17,775 23,990
Median Age: 29.33 34.26 34.27
Households: 2,299 6,482 8,828

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